B Sriram of SBI to head IDBI Bank

New Delhi, June 20

State Bank of India’s Managing Director B Sriram was on Wednesday appointed MD and CEO of IDBI Bank for a temporary period of three months, according to an official order.

He has been appointed in place of incumbent Mahesh Kumar Jain who was recently named Deputy Governor of the Reserve Bank of India (RBI).

The Appointments Committee of the Cabinet has approved the appointment of Sriram as Managing Director and Chief Executive Officer of IDBI Bank for a temporary period of three months with effect from Jain’s demitting office, the order issued by the Personnel Ministry said.

Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014. — PTI